Private equity group Quaestor Coach has made an undisclosed investment in independent asset manager Geneva Management Group.
GMG, which was established in Geneva in 2000, provides international wealth management structuring and management expertise. It has a cross-border licence in South Africa and offices in the UAE.
Quaestor Coach specialises in the acquisition and development of wealth and asset management firms. Quaestor Coach has made nine acquisitions to date – seven in Benelux and two in Switzerland. Its Swiss acquisitions include Zurich-based independent wealth managers Diem Client Partners in 2021 and Investarit in 2022.
The investment will see the firms’ focus on acquiring independent asset managers and wealth managers. The firms said that their intention is to create a “leading asset and wealth management platform in Switzerland” and become a prominent player in the ongoing consolidation phase in the Swiss wealth management market.
Dave Elzas, founder and chief executive of GMG said that the collaboration would provide GMG with the “optimal resources to grow its platform and attract portfolio managers, asset managers and bankers, through acquisitions”.
Mathias Vandermeeren, acquisition manager at Quaestor Coach, added: “We are confident that our joint expertise can help Dave and his team accelerate their projected growth.”
